Can I retire at age 65 with 2,360,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$194,887$193,151$191,457$189,804$188,190$182,166
2 years$96,479$94,682$92,940$91,252$89,614$83,601
3 years$63,680$61,876$60,139$58,466$56,855$51,040
4 years$47,284$45,485$43,765$42,121$40,549$34,979
5 years$37,449$35,661$33,964$32,353$30,825$25,513
6 years$30,895$29,120$27,448$25,873$24,391$19,342
7 years$26,215$24,455$22,809$21,272$19,836$15,050
8 years$22,706$20,962$19,344$17,844$16,456$11,929
9 years$19,979$18,251$16,661$15,199$13,858$9,586
10 years$17,798$16,088$14,525$13,102$11,808$7,783
11 years$16,015$14,322$12,788$11,403$10,155$6,370
12 years$14,531$12,855$11,349$10,002$8,800$5,248
13 years$13,275$11,617$10,140$8,830$7,674$4,345
14 years$12,200$10,559$9,110$7,838$6,727$3,612
15 years$11,269$9,646$8,226$6,990$5,923$3,013
16 years$10,456$8,850$7,458$6,259$5,235$2,520
17 years$9,738$8,151$6,786$5,624$4,642$2,113
18 years$9,102$7,532$6,195$5,068$4,127$1,775
19 years$8,532$6,980$5,671$4,580$3,679$1,493
20 years$8,021$6,486$5,205$4,148$3,286$1,257
21 years$7,559$6,042$4,787$3,764$2,940$1,060
22 years$7,139$5,640$4,412$3,423$2,636$895
23 years$6,756$5,275$4,074$3,117$2,366$756
24 years$6,406$4,942$3,768$2,843$2,127$639
25 years$6,084$4,638$3,490$2,596$1,914$540
26 years$5,788$4,359$3,236$2,374$1,724$457
27 years$5,514$4,102$3,005$2,173$1,554$387
28 years$5,260$3,866$2,794$1,991$1,402$328
29 years$5,024$3,647$2,600$1,826$1,266$277
30 years$4,804$3,444$2,422$1,675$1,144$235
31 years$4,599$3,256$2,258$1,539$1,034$199
32 years$4,407$3,080$2,106$1,414$936$169
33 years$4,226$2,917$1,967$1,300$847$143
34 years$4,057$2,765$1,838$1,197$767$121
35 years$3,898$2,622$1,718$1,101$694$103
36 years$3,748$2,489$1,607$1,014$629$87
37 years$3,607$2,364$1,504$935$570$74
38 years$3,473$2,247$1,409$862$517$63
39 years$3,346$2,136$1,320$794$469$53
40 years$3,226$2,033$1,237$733$425$45
41 years$3,113$1,935$1,160$676$386$38
42 years$3,005$1,843$1,088$624$350$32
43 years$2,902$1,756$1,021$576$318$27
44 years$2,804$1,674$958$532$288$23
45 years$2,711$1,596$900$491$262$20
46 years$2,622$1,522$845$454$238$17
47 years$2,537$1,453$794$419$216$14
48 years$2,456$1,387$746$387$196$12
49 years$2,378$1,324$701$358$178$10
50 years$2,304$1,265$659$331$162$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $2,360,000, adding $2,478 every year, while hoping to spend $57,169 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 51/30/19 Blend
64$2,360,000$2,360,000$2,360,000$2,360,000
65$2,603,276$2,478,196$2,441,616$2,722,243
66$2,807,983$2,538,800$2,462,583$2,865,114
67$3,031,654$2,600,458$2,482,336$3,014,244
68$3,276,162$2,663,161$2,500,774$3,175,160
69$3,543,573$2,726,897$2,517,792$3,348,998
70$3,836,155$2,791,654$2,533,276$3,537,009
71$4,156,413$2,857,414$2,547,111$3,740,570
72$4,507,099$2,924,159$2,559,171$3,961,199
73$4,891,247$2,991,867$2,569,327$4,200,569
74$5,312,198$3,060,512$2,577,443$4,460,521
75$5,773,630$3,130,065$2,583,375$4,743,088
76$6,279,594$3,200,493$2,586,973$5,050,506
77$6,834,555$3,271,759$2,588,078$5,385,240
78$7,443,427$3,343,822$2,586,526$5,750,009
79$8,111,623$3,416,636$2,582,141$6,147,805
80$8,845,108$3,490,151$2,574,743$6,581,930
81$9,650,451$3,564,310$2,564,138$7,056,020
82$10,534,887$3,639,052$2,550,127$7,574,084
83$11,506,389$3,714,308$2,532,500$8,140,540
84$12,573,738$3,790,007$2,511,036$8,760,256
85$13,746,608$3,866,065$2,485,504$9,438,599
86$15,035,656$3,942,397$2,455,663$10,181,484
87$16,452,625$4,018,906$2,421,259$10,995,431
88$18,010,449$4,095,489$2,382,028$11,887,625
89$19,723,381$4,172,034$2,337,692$12,865,987
90$21,607,121$4,248,419$2,287,960$13,939,245
91$23,678,970$4,324,514$2,232,529$15,117,022
92$25,957,986$4,400,177$2,171,080$16,409,924
93$28,465,171$4,475,256$2,103,282$17,829,640
94$31,223,662$4,549,587$2,028,785$19,389,054
95$34,258,953$4,622,994$1,947,227$21,102,368
96$37,599,134$4,695,288$1,858,226$22,985,235
97$41,275,154$4,766,267$1,761,386$25,054,908
98$45,321,118$4,835,711$1,656,290$27,330,404
99$49,774,600$4,903,390$1,542,504$29,832,683
100$54,677,006$4,969,052$1,419,575$32,584,847